Eco-friendly vehicles provided the strongest lift to South Korea’s auto exports during the month. Their export value increased 25.5% from a year earlier to US$2.59 billion. Electric and hydrogen vehicle exports rose 31.9% to US$940 million. Hybrid exports advanced 22.2% to US$1.65 billion. By contrast, exports of internal combustion engine vehicles fell 3.1% to US$3.65 billion. Eco-friendly models accounted for about 41.5% of the country’s total automobile export value in July.

Business

Eco-friendly vehicles provided the strongest lift to South Korea’s auto exports during the month. Their export value increased 25.5% from a year earlier to US$2.59 billion. Electric and hydrogen vehicle exports rose 31.9% to US$940 million. Hybrid exports advanced 22.2% to US$1.65 billion. By contrast, exports of internal combustion engine vehicles fell 3.1% to US$3.65 billion. Eco-friendly models accounted for about 41.5% of the country’s total automobile export value in July.

Diesel prices remained elevated on Wednesday as tighter refined-product supplies kept pressure on fuel markets in the United States and Europe. U.S. ultra-low sulfur diesel futures jumped 7.4% on Monday to settle at $4.19 a gallon. That marked the contract’s biggest daily gain since July 13. Early Wednesday trading put the contract near $4.28 a gallon, while European diesel refining margins remained at historically high levels after rising nearly 10% on Monday.

The estimated loss equals roughly €180 billion and is close to the European Commission’s current growth forecast for the bloc. In May, the Commission projected EU gross domestic product would rise 1.1% this year. The comparison shows the scale of the weather-related damage estimated in the bank’s analysis.

The July consumer price index reached 102.92, with 2025 set as the index base of 100. Holiday home rentals and package holidays accounted for 1.24 percentage points of the monthly increase. Food added 0.15 percentage point. Lower clothing, hotel accommodation and footwear prices reduced the monthly rise by a combined 0.34 percentage point. Rent provided the largest positive contribution to annual inflation, adding 0.55 percentage point. Holiday home rentals added 0.51 point, while fuel added 0.39 point. Electricity prices cut 0.68 point from the annual rate. Food prices reduced it by 0.26 point, and package holidays subtracted 0.06 point. The combined movements left headline inflation below June’s 1.9% reading.

Health

Obesity was linked to 9,509 deaths in Belgium during 2022, representing 8.2 percent of total national mortality, according to new data from the Belgian public health institute Sciensano. Marking the first time public health researchers in the country have systematically quantified mortality directly attributable to an elevated body mass index (BMI), the report reveals that weight-related complications caused more than one death per hour nationwide. The statistical findings also show that high BMI resulted in over 150,000 lost years of life across all demographic groups in a single year.

The study will operate at three Canadian sites and enroll about 80 healthy adults. Researchers will assess the vaccine’s safety, tolerability and ability to produce an immune response. The trial will not determine whether the vaccine prevents infection because Phase 1 studies focus on early safety data. The Coalition for Epidemic Preparedness Innovations has committed up to $50 million for preclinical work, the trial and production of additional research doses.

Michigan health officials have confirmed two deaths connected to the state’s 2026 cyclosporiasis outbreak. The Michigan Department of Health and Human Services reported 11,234 cases as of Aug. 3. The state also recorded 193 hospitalizations through July 30. Both patients had serious underlying medical conditions. Officials said cyclosporiasis and dehydration may have affected those conditions, but they released no additional personal information.

DR Congo’s Ebola outbreak has killed 1,916 people and produced 4,209 confirmed cases, according to official data through Aug. 7. Ituri remains the center of the epidemic, with 3,636 confirmed cases and 1,551 deaths. North Kivu has recorded 470 cases and 315 deaths. Haut Uele has reported 91 cases and 44 deaths, while Tshopo has nine cases and five deaths. South Kivu has recorded three cases and one death. The latest daily increase added 89 confirmed cases and 21 deaths to the national totals.

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Automotive

Porsche announced an agreement with labor representatives to reduce its workforce by an additional 5,000 positions by 2035 as part of a restructuring program. The decision brings total planned job eliminations to approximately 9,000 positions, representing roughly 21 percent of its workforce. The initiative aims to bolster operational efficiency as the company confronts declining market share in Asia, elevated global tariffs, and sluggish demand for electric vehicles.